The new Chase Ink Premier business card comes with a Pay-Yourself-Back redemption bonus of 10%, according to Reddit user Agile–Travel. Currently, the Pay Yourself Back categories are internet, cable and phone purchases, through March 31, 2022.
The new card earns a flat 2% cashback on all purchases, and 2.5% on purchases above $5,000. Earnings are basically standard cashback and don’t have the increased value associated with the Chase Ultimate Rewards ecosystem. So it’s nice to see that this card is part of the Pay Yourself Back program which means that the earnings rate can potentially be spruced up to 2.20% on all purchases or 2.75% on purchases $5,000+.
The current categories aren’t especially interesting given that these utility charges typically can earn 5x flexible Ultimate Rewards points on other versions of the Chase INK business card, and you’d be giving up a chunk of rewards to get the PYB bonus. Still work it (if my quick math is accurate), but it’s not nearly a full 10% bonus after factoring in the lower rewards.
However, I do find this interesting to keep an eye out to the future – if there are other categories on PYB for the INK Premier card it could start making the card a little more interesting if the earning rates creep up to the 2.20% – 2.75% area. Also, the $1,000 signup bonus could then have the potential of being worth more like $1,100. As we noted in the original post, the main downside of this card is the $195 annual fee.
Also not sure if it can be converted from an Ink card (still get the bonus)
conversions usually never get signup bonuses
Chase website still says it’s part of UR system
This card is amazing for a real business. 2.2% back and 2.75% back for large transactions is fantastic. The only downside is the annual fee.
Is it really? CapitalOne Spark is 2% in general and essentially 3% on first $200K spend. Lower fee also.
How is it 3% on the first 200k spend?
3% would definitely win short term.
Longer-term the new chase card is better for real business with a lot of spend. A business owner that doesn’t want to juggle a bunch of cards and wants easy effortless cash back.
This card is almost as bad as the old Barclays Arrival Premier card. Remember that dud?
Lol, believe it or not, I still have one (for a while it was the only card that had good earnings with transferable points on general spend abroad, also chip+pin). With the CapitalOne changes (and them finally approving me for VentureX), it’s now obsolete and I’ll be cancelling next renewal.
Can’t believe how much of a dud this card is, especially coming from Chase. I hope this isn’t a sign of future nerfs to their other existing cards.
This card obviously only makes sense for a business care purely with big cash flow with just 1 or few cards set up. Not for we churners lol
Might be a sign that 50% PYB bonus on CSR isn’t going to stick around much longer 🙁